The report covers the Asia-Pacific polystyrene market. It further divides the market on the basis of application and country. The market data for these types is given with respect to volume (KT) and value (USD Million). The Asia-Pacific polystyrene market was valued at $8,588.4 million in 2013 and is projected to grow at a CAGR 5.6% from 2013 to 2018, to reach a value of $11,255.4 million by 2018. The total market for polystyrene Asia-Pacific has been analyzed based on the MMM Analysis. This gives an idea about the current proceedings in the industry at the commercial level. The Top-Down and Bottom-Up approaches give a brief snapshot of the polystyrene industry in the Asia-Pacific region. The study provides a value chain analysis with respect to polystyrene raw materials, manufacturers, and end-users. The value chain describes the key contributors to the materials market at different stages, from product development to end use. It represents the top players who are contributing to the Asia-Pacific polystyrene market.

The impact of different market factors, such as drivers, inhibitors, and opportunities has also been illustrated in the report. This gives an idea about the key drivers, such as industrialization, high plastic consumption, emerging markets for different applications, availability of affordable raw materials, and so on. Some of the major restraints of the market include environmental concerns and the preference for organic materials. The economic slowdown in Europe and the U.S. also affected the economy of other developed countries, which are of key importance for the commercial success of new materials and their end-user markets. The Asia-Pacific polystyrene market has been classified based on different applications. The important applications of this market include packaging, electronics, appliances, plastics, and rubber, among others. The packaging and electronics industries are expected to show rapid growth in the coming years.

The key companies in the Asia-Pacific polystyrene market are Styrolution (Germany), PS Japan (Japan), Chi Mei Corporation (Taiwan), Jiangsu Laidun Baofu Plastic Chemical Company (China), Formosa Chemicals & Fibre Corporation (Taiwan), and Shanghai Secco Petrochemical Company Limited (China), among others. These companies are consistently focusing on expanding their production capacities to achieve a competitive advantage over others, and thereby, serve the customers more effectively. Investments in the expansion of plant capacities, followed by acquisitions, were the most preferred strategies by the top players in 2012 & 2013. Their strategies to capture the market in developing economies include expansions and agreements.

The Asia-Pacific region holds the largest share of the global market, contributing for nearly 46% of the global consumption demand in 2013. China is the leading country in the region, in terms of consumption of polystyrene; this is mainly due to the availability of cheaper raw materials and technological advancements. The important emerging economies such as Japan, Korea, Australia, and India are expected to grow significantly in the coming years.

RnRMarketResearch is your single source for all market research needs. Our database includes 100,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.